PIB checks SBI reward scams and warns: “Never click on unknown links or files.” Details here

PIB fact check: The government’s Press Information Bureau (PIB) has warned unsuspecting customers to be aware of ‘SBI rewards’. fraud used by scammers. In a post on social media platform X (formerly known as Twitter), the PIB Fact Check account warned users to “never download unknown files or click on links.”

PIB warns about fraud

PIB warned users on X in a statement: “Caution! Have you also received a message asking you to download and install the APK file to get SBI rewards?”

“PIB fact check: SBI NEVER send links or APK files via SMS/WhatsApp. Never download unknown files or click on such links,” the company added.

RBI to introduce real-time artificial intelligence systems to check cyber frauds

Meanwhile, the Reserve Bank of India (RBI) has also working on artificial intelligence (AI) has made it possible to warn people about financial fraud in real time, two sources told Mint.

Under the plan, individual banks would connect to a central bank data warehouse containing information on different types of financial transactions. fraud and their criminals, and an AI-powered alert system will flag suspicious transactions when they are about to occur.

Of course, the Reserve Bank of India (RBIH) Innovation Centre, RBI The subsidiary has already developed MuleHunter AI, an artificial intelligence and machine learning (AI/ML) model that helps banks and financial institutions detect so-called “mule” accounts used by fraudsters. On the other hand, the new system will alert users and protect digital transactions.

Increase in online fraud

In its report, the government noted that cyber fraud Cases are rising in India and people are “losing thousands” to “sophisticated” scams.

The Indians lost about ₹In the first quarter of this year, digital seizure scams stood at Rs 120.3 crore, according to government data.

He noted that the Department of Telecommunications (DoT) last month launched the “International Fake Incoming Call Prevention System”. The two-step system will detect and block international spam calls that mistakenly display Indian numbers, thereby targeting a “key element” of some scams.